The following detersed to answer questions 19-21 Avid Fickle co SA Classification Available for sale held to maturity had to many Cost 535.000 $25.000 $20,000 Market Value 12/31/09 39.000 27.000 26.000 Market Value, 12/31/10 38,500 24.000 25.000 19. The balance sheet carrying value of the investment portfolio 3 December 2010 would have been lower which of the securities had been reclassified during the year as a trading security? Avid b. Fickle c. Xenu 20. Which investment would management have an incentive to recally as a trading security, they were concerned with maximizing current year revenue? a Avid b. Fickle c. Xenu 21. What is the balance sheet value as of 12/31/2010 of the investment portfolio as it is currently classified a $83,500 b. $89,500 c. $80,000 The following data is used to answer questions 19-21. Avid Fickle Co. Xenu SA Classification Available for sale held to maturity held to maturity Cost $35,000 $25,000 $20,000 Market Value, 12/31/09 39,000 27,000 26,000 Market Value, 12/31/10 38,500 24,000 25,000 19. The balance sheet carrying value of the investment portfolio at 31 December 2010 would have been lower if which of the securities had been reclassified during the year as a trading security? a. Avid b. Fickle c. Xenu 20. Which investment would management have an incentive to reclassify as a trading security, If they were concerned with maximizing current year revenue? a. Avid b. Fickle c. Xenu 21. What is the balance sheet value as of 12/31/2010 of the investment portfolio as it is currently classified? a. $83,500 b. $89,500 c. $80,000